I finished renovating one of my short-term rentals, and some of the costs qualify under the safe harbor rules. I understand that taxpayers have to make an election on their tax return to use this safe harbor—how exactly is that done? Is there a specific form or checkbox for it?

Can both hours of a husband and wife count towards a STR activity if only one spouse is the sole owner of the LLC that owes the STR? I might be overthinking it here...

Before an STR property is placed in service, renovations typically need to be capitalized and depreciated. However, can items that fall under the $2,500 de minimis safe harbor threshold still be expensed instead of depreciated (even before the property is placed into service?

I will be doing a live training on LLC setup. Zoom link to follow but mark your calendar for now.